Integrated Energy Services (IES) provides an integrated service for clients under flexible commercial models that are aligned with their requirements.
Our projects cover upstream developments - both greenfield and brownfield, related energy infrastructure projects, and can include investment.
IES deploys the Group's capabilities using a range of commercial frameworks, including:
We have been operating in Mexico since 2012 through a series of Production Enhancement Contracts. We are now working to migrate the PECs to Production Sharing Contracts, and in December 2017 migrated the Santuario PEC. We are committed to unlocking value in the block through a new field development plan in conjunction with PEMEX.
Our priority continues to be to manage the IES portfolio to maximise value.